Buzz: Industry relaxed about NEST default fund use

clock • 2 min read

Buzz respondents are intensely relaxed about the fact almost all the National Employment Savings Trust's (NEST) customers have ended up in its default fund. Seven out of ten contributors said they were not concerned about this.

Many contributors pointed out that it was hardly surprising most members ended up in the default, given the reliance on inertia to get people saving in the first place. "Given NEST's target mark...

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